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ASTL publishes lender criteria guide

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  • 26/03/2020
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ASTL publishes lender criteria guide
The Association of Short Term Lending (ASTL) has published an outline of its members lending criteria for brokers.

 

The member info hub is available on the trade body’s website.

It includes information such as lending regions, maximum and minimum loan sizes, types of asset and whether or not lenders currently offer second charges, regulated loans, development finance, refurbishment loans and re-bridging.

ASTL chief executive Vic Jannels (pictured) said: “At the ASTL, we have an objective to raise standards and defend the reputation of the short term lending industry, with initiatives like our code of conduct. But we also have an objective to support our members.

“After all, it is in the long-term interest of the bridging industry that those lenders that take a proactive approach to contributing to promoting the sector are also commercially successful.

“The launch of our Member Info Hub is just a small step in supporting our members, but it is one of many steps that we are taking, and it provides an important and useful resource for brokers.”

 

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